Which of the following is not true of the stock exchange?

Assessment: WAEC SSCE - Commerce - 2010 (Objective) Subject: Commerce

Question 1 Report

Which of the following is not true of the stock exchange?

Answer Details
The statement that is not true of the stock exchange is "it is a commodity market." A stock exchange is a marketplace where stocks or securities are traded. It is not a commodity market where raw materials or primary products are bought and sold. The other statements are true: the stock exchange provides a market for trading on shares, governments and companies raise funds through it, and it also provides professional advice on investment.
Read lesson note on Stock Exchange (JAMB)
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